Short Interest in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Decreases By 29.5%

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 323,479 shares, a decline of 29.5% from the December 15th total of 459,062 shares. Based on an average trading volume of 139,215 shares, the short-interest ratio is presently 2.3 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 139,215 shares, the short-interest ratio is presently 2.3 days.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen raised IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IRS. Van ECK Associates Corp bought a new stake in IRSA Inversiones Y Representaciones in the third quarter worth approximately $25,000. Brevan Howard Capital Management LP purchased a new position in shares of IRSA Inversiones Y Representaciones during the third quarter valued at approximately $130,000. Engineers Gate Manager LP purchased a new position in shares of IRSA Inversiones Y Representaciones in the 2nd quarter worth approximately $148,000. Verition Fund Management LLC grew its position in IRSA Inversiones Y Representaciones by 23.2% during the third quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after buying an additional 3,148 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of IRSA Inversiones Y Representaciones during the 2nd quarter valued at approximately $249,000. Institutional investors own 45.46% of the company’s stock.

IRSA Inversiones Y Representaciones Stock Up 1.0%

NYSE IRS traded up $0.17 during trading hours on Friday, reaching $16.75. 125,196 shares of the company’s stock were exchanged, compared to its average volume of 114,721. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 3.37 and a beta of 1.49. IRSA Inversiones Y Representaciones has a one year low of $10.61 and a one year high of $17.21. The company’s 50-day moving average is $15.78 and its two-hundred day moving average is $14.53. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.52 and a current ratio of 2.52.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its earnings results on Tuesday, November 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter. The firm had revenue of $93.69 million during the quarter. IRSA Inversiones Y Representaciones had a return on equity of 27.35% and a net margin of 86.65%.

IRSA Inversiones Y Representaciones Dividend Announcement

The company also recently announced an annual dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 24th were paid a $1.4151 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a dividend yield of 998.0%. IRSA Inversiones Y Representaciones’s dividend payout ratio (DPR) is currently 28.17%.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones SA (NYSE: IRS) is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.